LONDON–(BUSINESS WIRE)–Apr 2, 2020–
Technavio has been monitoring the automotive actuators market and it is poised to grow by 1.14 billion units during 2019-2023, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here:
Technavio has announced its latest market research report titled Global Automotive Actuators Market 2019-2023 (Graphic: Business Wire)
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bosch, Continental, Delphi Technologies, DENSO, HELLA, and Mitsubishi Electric are some of the major market participants. The need for fuel-efficient vehicles will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Need for fuel-efficient vehicles has been instrumental in driving the growth of the market.
Automotive Actuators Market is segmented as below:
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:
This study identifies increasing popularity of additive manufacturing in automotive industry as one of the prime reasons driving the automotive actuators market growth during the next few years.
We provide a detailed analysis of vendors operating in the automotive actuators market, including some of the vendors such as Bosch, Continental, Delphi Technologies, DENSO, HELLA, and Mitsubishi Electric. Backed with competitive intelligence and benchmarking, our research reports on the automotive actuators market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:
CONTACT: Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website:www.technavio.com/
KEYWORD:
INDUSTRY KEYWORD: OIL/GAS AUTOMOTIVE MANUFACTURING ALTERNATIVE ENERGY MANUFACTURING ENERGY
SOURCE: Technavio
Copyright Business Wire 2020.
PUB: 04/02/2020 10:00 PM/DISC: 04/02/2020 10:00 PM
COMMENTS
Please let us know if you're having issues with commenting.